The LME Is Carefully Considering A Potential Ban On Russian Metals ...Middle East

Via AG Metal Miner  Last week, speculators bought up aluminum amid a $100/ton spike following news that LME aluminum may soon exclude Russian materials. The LME continues to review a ban that would keep Russian aluminum, nickel, and copper from the exchange. A Reuters post illustrated the seriousness of the move, stating that Russia’s Nornickel accounted for 7% of global mined nickel production last year. This year, Rusal expects to supply roughly 6%. It’s a callback to the US sanctions on Oleg Deripaska back in 2018, which resulted…

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